Plus rehashes of Fed epiphenomenalism and small caps
The Fed went all out last week. The aftershocks of the jumbo cut are still reverberating
An interesting heresy
No one wants to end up paying more for a poorer-quality company
Lenders charged more for loans but kept interest payments to savers down, FT analysis finds
Market Questions is the FT’s guide to the week ahead
Believers in predictive power of so-called inversion in bond markets still think it augurs downturn
Local currency bonds have lagged this year but Fed’s move is expected to ease pressure on developing nations
Policymakers are lowering rates and signalling new confidence that a ‘soft landing’ is possible. But few are ready to declare victory
Influential governor Christopher Waller says inflation is falling more quickly than he expected
The labour market is softer than it appears
Global stocks rally as investors bet that the central bank’s move will support US economic growth
Unpacking Wednesday’s big rate cut
As the Fed cuts rates, markets are rallying — but there are long-term risks from experiments
Investors have no choice but to guess at the neutral rate
US central bank’s decision marks milestone in two-year fight against inflation
As US inflation eases, the central bank is now focused on its other mission: protecting jobs
The US central bank trims interest rates by half a percentage point
Former president adds that central bank could be ‘playing politics’ as it reduces interest rates ahead of election
Rare half-point reduction was baked into last week’s rally and led to a mild sell-off afterwards
Investors are betting on 50 basis points and expect a soft landing for the economy
Appreciation of other major currencies such as Japanese yen has put downward pressure on the greenback
Even so, perma-critics of the US central bank are cracking their knuckles in anticipation
Its self doubt comes in a decisive week for central banks
Futures traders boosted expectations in the past week of a bigger trim than the traditional 0.25 percentage point change